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This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. What is a phrase the author uses to describe Meriwether's value to Salomon Brothers?
(a) Extreme cowboy.
(b) Head honcho.
(c) Zen-like master.
(d) Arbitrage boss.

2. What ubiquitous part of business attire does Massey conspicuously lack?
(a) Black shoes.
(b) A gold watch.
(c) A tie.
(d) A pocket hankie.

3. Rich Shuster is a thrift salesman in which Salomon Brothers office before coming to work for Ranieri?
(a) London.
(b) Chicago.
(c) Dallas.
(d) Atlanta.

4. The front-row people in the Salomon Brothers training program are generally from which business school?
(a) Yale.
(b) Wharton.
(c) Harvard.
(d) Princeton.

5. Who is chairman of the Federal Reserve in 1979?
(a) Ben Bernanke.
(b) Paul Volcker.
(c) Alan Greenspan.
(d) Arthur F. Burns.

6. What is photocopied 126 times from The New York Times and distributed among the trainees each morning?
(a) The comic section.
(b) The business section.
(c) The crossword puzzle.
(d) The front page.

7. Which publication calls John Gutfreund the "King of Wall Street"?
(a) The Wall Street Journal.
(b) Business Week.
(c) Forbes.
(d) Barron's.

8. Which leading bond analyst from Salomon Brothers gives a speech at the Wharton School about how he can't get women to pay attention to him at cocktail parties?
(a) Myron Samuels.
(b) Sidney Homer.
(c) John Meriwether.
(d) John Gutfreund.

9. William Simon becomes the secretary of the U.S. Treasury under which president?
(a) Gerald Ford.
(b) Lyndon Johnson.
(c) Jimmy Carter.
(d) Richard Nixon.

10. The trainee who finally asks a question at Massey's training session wonders if Salomon Brothers will open an office in what city?
(a) Rome.
(b) Prague.
(c) Vienna.
(d) Montreal.

11. What aspect of the dollar bill is the integral component of Liar's Poker?
(a) The year.
(b) The owner.
(c) The mint.
(d) The serial number.

12. According to the author, what is Gutfreund's only noticeable affectation when he comes to speak to the trainees?
(a) A demure concern.
(b) A German accent.
(c) An exaggerated posture.
(d) A statesmanlike calmness.

13. Massey is not looking for curious minds among trainees, he is looking for _____.
(a) Cult followers.
(b) Cookie-cutter versions of himself.
(c) Obsequious coffee-getters.
(d) Bulls.

14. What is the nickname of Horowitz?
(a) Uncle Dale.
(b) The hatchet man.
(c) Papa Horowitz.
(d) The Jackknife.

15. The author thinks that all money men either have ______ hair or are bald.
(a) Blond.
(b) Dark.
(c) Receding.
(d) Red.

Short Answer Questions

1. According to the author, in order for the home mortgage to become a bond, it has to be _____.

2. What does Lewis Identify as the two emotions that commonly destroy traders?

3. What dollar amount does Meriwether counter Gutfreund's bet with?

4. There are 287 books about bonds in the New York Public Library and most of them are about _____.

5. The author characterizes the people initially involved in home mortgages as ______.

(see the answer keys)

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